$GNK resistance -> support

NYSE:GNK   Genco Shipping & Trading Limited
$GNK has turned the $8 level into support after failing to break above it 4 times since August 2020. If you can buy the stock at the current price, you can put a stop at $7.8 which would put your stop below that long wick on 1/13/21 and keep your downside risk at 5% of your cost basis, seems like a pretty good deal to me.

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